In his regular weekly column, Hungary's Minister of Economics Gyorgy Matolcsy has put the spotlight on one of the annual questions posed to the best minds of the planet by literary uber-agent and big idea wrangler John Brockman of Edge.org. "What Scientific Concept Would Improve Everybody's Cognitive Toolkit?" was the original question. Matolcsy has made a list of measures by which Hungary could win, including the co-operation between the government and the central bank's foreign currency debtors and rescuing all from their trap. Also He said, "nobody would lose if the state re-gains the domestic monopolies whose privatisation was a mistake."

A spat has broken out between Hungary's Economy Ministry and Roubini Global Economics about who is to blame for the downward spiral of the national currency, the forint, after Roubini's firm Roubini Global Economics (RGE) recommended shorting the currency. ... Hungary's Ministry for National Economy said in a statement that the forint began to depreciate after economist Nouriel Roubini - dubbed Dr Doom for his pessimistic forecasts - said in a newsletter that failure to secure a deal with the International Monetary Fund was bad news for the currency. ... But Roubini economists cited comments made by Economy Minister Gyorgy Matolcsy in a newspaper column [ED. NOTE: A review of This Will Make You Smarter[7], the 2011 Edge Question book], in which he seemed to favor the country adopting more unorthodox economic policies as the reason for the currency's weakness.

A few months ago, Steven Pinker of Harvard asked a smart question: What scientific concept would improve everybody’s cognitive toolkit?

The good folks at Edge.org[12]organized a symposium[13], and 164 thinkers contributed suggestions. John McWhorter, a linguist at Columbia University, wrote that people should be more aware of path dependence. This refers to the notion that often “something that seems normal or inevitable today began with a choice that made sense at a particular time in the past, but survived despite the eclipse of the justification for that choice.”

For instance, typewriters used to jam if people typed too fast, so the manufacturers designed a keyboard that would slow typists. We no longer have typewriters, but we are stuck with the letter arrangements of the qwerty keyboard.

Path dependence explains many linguistic patterns and mental categories, McWhorter continues. Many people worry about the way e-mail seems to degrade writing skills. But there is nothing about e-mail that forbids people from using the literary style of 19th-century letter writers. In the 1960s, language became less formal, and now anybody who uses the old manner is regarded as an eccentric.

Evgeny Morozov, the author of “The Net Delusion,” nominated the Einstellung Effect, the idea that we often try to solve problems by using solutions that worked in the past instead of looking at each situation on its own terms. This effect is especially powerful in foreign affairs, where each new conflict is viewed through the prism of Vietnam or Munich or the cold war or Iraq.

Daniel Kahneman of Princeton University writes about the Focusing Illusion, which holds that “nothing in life is as important as you think it is while you are thinking about it.” He continues: “Education is an important determinant of income — one of the most important — but it is less important than most people think. If everyone had the same education, the inequality of income would be reduced by less than 10 percent. When you focus on education you neglect the myriad of other factors that determine income. The differences of income among people who have the same education are huge.”

Joshua Greene, a philosopher and neuroscientist at Harvard University, has a brilliant entry on Supervenience. Imagine a picture on a computer screen of a dog sitting in a rowboat. It can be described as a picture of a dog, but at a different level it can be described as an arrangement of pixels and colors. The relationship between the two levels is asymmetric. The same image can be displayed at different sizes with different pixels. The high-level properties (dogness) supervene the low-level properties (pixels).

Supervenience, Greene continues, helps explain things like the relationship between science and the humanities. Humanists fear that scientists are taking over their territory and trying to explain everything. But new discoveries about the brain don’t explain Macbeth. The products of the mind supervene the mechanisms of the brain. The humanities can be informed by the cognitive sciences even as they supervene them.

If I were presumptuous enough to nominate a few entries, I’d suggest the Fundamental Attribution Error: Don’t try to explain by character traits behavior that is better explained by context.

I’d also nominate the distinction between emotion and arousal. There’s a general assumption that emotional people are always flying off the handle. That’s not true. We would also say that Emily Dickinson was emotionally astute. As far as I know, she did not go around screaming all the time. It would be useful if we could distinguish between the emotionality of Dickinson and the arousal of the talk-show jock.

Public life would be vastly improved if people relied more on the concept of emergence. Many contributors to the Edge symposium hit on this point.

We often try to understand problems by taking apart and studying their constituent parts. But emergent problems can’t be understood this way. Emergent systems are ones in which many different elements interact. The pattern of interaction then produces a new element that is greater than the sum of the parts, which then exercises a top-down influence on the constituent elements.

Culture is an emergent system. A group of people establishes a pattern of interaction. And once that culture exists, it influences how the individuals in it behave. An economy is an emergent system. So is political polarization, rising health care costs and a bad marriage.

Emergent systems are bottom-up and top-down simultaneously. They have to be studied differently, as wholes and as nested networks of relationships. We still try to address problems like poverty and Islamic extremism by trying to tease out individual causes. We might make more headway if we thought emergently.

We’d certainly be better off if everyone sampled the fabulous Edge symposium, which, like the best in science, is modest and daring all at once.

[Google translation:] As every year since 1998, the online magazine Edge (www.edge.org[16]) has once again raised a great question to the best minds on the planet. And once again, this virtual forum of debate offers us all a wonderful opportunity to savor the thoughts of many top scientists and thinkers of the world.

This year, the question posed by Edge was: "What scientific concept improve our cognitive tools?". I ask readers of Eureka to take away everything they can from the 164 replies received. They will find many pearls of wisdom in this ocean of knowledge.

Among the illustrious figures who have participated in this high caliber survey, which has increased in prestige every year, the highlight is the biggest superstar of modern science, Craig Venter. ...

... Your response, like almost everything the father of the human genome and artificial life, says and does, not leave anyone indifferent: "We are not alone in the Universe." Venter believes that any discovery would have greater impact on mankind than the discovery of life outside our Solar System: "If we find that there are many, perhaps millions of origins of life, and therefore that life is present throughout the universe This will profoundly affect all humans." ...

...Edge has again shown that there is nothing like a asking a good question to the best brains.

Human psychology can work against investors trying to make the best financial decisions, notes Nicholas Colas, chief market strategist at ConvergEx.

In a commentary this morning, he suggests that clients consider ways to "sharpen the rational part" of their investment psychology. Colas writes:

"Human nature, as it turns out, is a veritable minefield of biases and distortions that push rational thought through emotional screens to the point where clearheaded thinking can mutate into irrational outcomes."

One of the most cited mantras of investing is to "think and think differently," the piece adds. Along those lines, Colas points to early investors who were insightful enough to put money into such companies as IBM (IBM) and Apple (AAPL) before they became giants of technology.

Colas notes that's a question which has also been raised by the Edge Foundation, a think-tank run by John Brockman. Members of the foundation range from music producer Brian Eno to Nobel Prize winner Daniel Kahneman and Nicholas Taleb, author of the "The Black Swan."

We all know the world of Professional Wrestling is low brow and can appeal to the lowest common denominator. Each time Wrasslin' gets brought up in discussing MMA I can almost hear Luke Thomas doing his best mocking yokel impression while chastising people for making continual connections between the two before feeling the need to inform us of his penchant for The Classics as his preferred means of recreational entertainment. Something like that.

So it may come as some surprise that a clear cut example of Pro Wrestling terminology finds itself the centre of a recently published scientific essay. In this instance I'm referring to the term 'Kayfabe' which coincidentally enough I used in the headline of a recent article. ....

...With that out of the way, here's the Science part.Edge Foundation, Inc[21].[21] is a non-profit virtual think tank and claims its informal membership to include "some of the most interesting minds of the world" and has been featured and referenced by the likes of American Scientist, New Scientist, The BBC, The Times, The New York Times, The Boston Globe and Wired. Each year Edge poses a question in an attempt to get various thinkers from various backgrounds around the world to chime in with their own answers and interpretations. Questions have varied from philosophical ("What do you believe is true even though you cannot prove it?" 2005), technological ("What is the most important invention in the last two thousand years ... and why?" - 1999) and cultural ("How is the Internet changing the way you think?" - 2010).

...And as I alluded to, 'Kayfabe' formed the basis of one of the responses.

Eric Weinstein[22] - Mathematician and Economist (PhD Mathematics at Harvard) and Principal of the Natron Group in Manhattan - writes:

The sophisticated "scientific concept" with the greatest potential to enhance human understanding may be argued to come not from the halls of academe, but rather from the unlikely research environment of professional wrestling. ...

Each year, the Edge Foundation asks[25] dozens of big-picture thinkers to answer a single question, in a short essay. This year’s question, proposed by the Harvard psychologist Steven Pinker, is: “What scientific concept would improve everybody’s cognitive toolkit?” Or, to paraphrase, how might people alter the way they interpret the information they take in about the world, to better comprehend it?

A great question, as usual. But interestingly ambiguous: Who, exactly, is is the “everybody” in the phrase “everybody’s toolkit”?

Every January the cognoscenti know to look out for the annual question posed by literary agent and self-styled intellectual impresario John Brockman on his Edge "salon" website. The trick, of course, is to get the question just right so that the great and good - and the wannabes - feel compelled to play what is often the smartest game in town.

One of my favourites was the deceptively simple tease: "What do you believe is true even though you cannot prove it?" (2005), which provided diverse snapshots of individual intellectuals at work and of emerging trends.

[Google translation]..."Truth is only a model", writes Neil Gershenfeld, an MIT physicist. He finds that you should write down all the behind the ears, and lay people. In everyday life are shaped too much controversy about politics or lifestyle of the conviction to be right. Since one wishes for the humility of the researcher who knows he does not produce truth, but only models of reality that can quickly be back passé. "What scientific concept is in everyone's mental tool box?", had asked the thinker Club Edge.org. As suggested before Gershenfeld skepticism about truth.

The term 'scientific"is to be understood in a broad sense as the most reliable way of gaining knowledge about anything, whether it be the human spirit, the role of great people in history, or the structure of DNA. A "scientific concept" may come from philosophy, logic, economics, jurisprudence, or other analytic enterprises, as long as it is a rigorous conceptual tool that may be summed up succinctly (or "in a phrase") but has broad application to understanding the world.

The founder of edge.org[21] John Brockman tells us how they dreamed up the idea of picking the brains of the world's leading thinkers, and one of the brains, social media expert Clay Shirky, explains his answer to this year's question.

The founder of edge.org John Brockman tells us how they dreamed up the idea of picking the brains of the world's leading thinkers, and one of the brains. ...

This year, Brockman asked: "What scientific concept would improve everybody's cognitive toolkit?" He took as his starting point James Flynn's notion of "shorthand abstractions" -- "concepts drawn from science that have become part of the language and make people smarter by providing widely applicable templates ('market', 'placebo', 'random sample', 'naturalistic fallacy', are a few of his examples)". If we have a shorthand linguistic means of expressing the notion, Flynn suggested, we can use it as an element in thinking and debate. "This is the most challenging question we've put forth to date," Brockman said. Daniel Kahneman, the father of behavioural economics, said: "It is my favourite question ever. You will get great responses and actually move the culture forward."

On Saturday Brockman published this year's submissions, more than 150 answers from the likes of Craig Venter, Brian Eno and Steven Pinker (mostly men, it has to be said, with contributors such as Alison Gopnik and Lisa Randall making up a small female minority). A number of Wired contributors have sent in answers this year, writers such as Jonah Lehrer, David Eagleman and Matt Ridley. Some journalists and editors were also invited to add their thoughts, which is how I submitted a proposal for "personal data mining" as part of the symposium.

So what concepts did the contributors suggest that we need? The answers included:

Paul Kedrosky has a wonderful piece for the deep-thinking site Edge.org about shifting baseline syndrome. It explains precisely why thinking that we're living in some anomalous "new normal[40]" is a little silly. We're always living in a new normal, and the cognitive challenge is to remember that things haven't always been this way, nor will they remain this way.

In 1995 fisheries scientist Daniel Pauly coined a phrase for this troubling ecological obliviousness -- he called it "shifting baseline syndrome". Here is how Pauly first described the syndrome: "Each generation of fisheries scientist accepts as baseline the stock situation that occurred at the beginning of their careers, and uses this to evaluate changes. When the next generation starts its career, the stocks have further declined, but it is the stocks at that time that serve as a new baseline. The result obviously is a gradual shift of the baseline, a gradual accommodation of the creeping disappearance of resource species..."

It is blindness, stupidity, intergeneration data obliviousness. Most scientific disciplines have long timelines of data, but many ecological disciplines don't. We are forced to rely on second-hand and anecdotal information -- we don't have enough data to know what is normal, so we convince ourselves that this is normal.

“Never play cards with a man called Doc. Never eat at a place called Mom’s. Never sleep with a woman whose troubles are worse than your own.” That may have been fine advice for the 20th century, but to survive in 2011 and beyond we need to step it up—a lot. We need to, say, embrace the concepts that many mental illnesses are just extremes of personality traits, that humans tend to accept credit for their successes but not blame for their failures, and that “wholes have properties not present in the parts,” as sociologist Nicholas Christakis of Harvard University writes on the online salon Edge (edge.org).

Christakis is one of scores of contributors to an annual exercise in which Edge, run by literary agent and author John Brockman, poses a question to scientists, technology gurus, philosophers, and other thinkers. Last year’s query was about how the Internet is changing the way we think, while 2008’s asked what the scholars had changed their mind about and why. This year’s: “What scientific concept would improve everybody’s cognitive toolkit?” Technology scholar Douglas Rushkoff nominates the concept that technologies have an “embedded bias” rather than being blank slates from which any outcome can arise. Cars have an embedded bias toward suburban sprawl; guns, an embedded bias toward killing people. By adding this concept to our cognitive toolkit, Rushkoff argues, we will have a better chance of using technologies “consciously and purposefully” and of resisting that bias. The embedded bias of the keyboardless iPad, for example, is toward passive consumption rather than active creation. To resist, get the add-on keyboard. ...

... In the Anglo-Saxon culture things are different, and science certainly has continued in its global appeal. Thus, early English modern naturalism, founded by Humphry Davy, had a reputation not only for spectacular discoveries, they also for paying attention to public communication. The goal was the transfer of knowledge into the auditorium. This is clever, because science has, as much as any other movement since the French Revolution, changed the lives of everyone on the planet and it has by no means lost this position of leadership.

On the contrary. Today when more and more people assume that the death penalty does not have a deterrent effect, it's not a new belief in a higher justice. Rather, it is the triumph of that thinking that the tools of rationality — language logic and statistics — are being used to make a statement that contradicts the common assumptions.

It is, however, necessary to acquire language logic, statistics and other skills. Do not give a claim to power with a fath-based knowledge, but also mediate what knowledge is. This is not only an honorable task — it pplaces scientific researchers in the realm of medical doctors who take the Hippocratic oath. Knowledge is vital, and — this is the flip side — knwoledge can be abused: the great anti-human ideologies of the 20th Century were themselves scientific. The science community needs to communicate better.

It's ever more delectable that the Edge Foundation— the network of prominent scientists and intellectuals founded by literary agent John Brockman in New York — has worked against the reciprocal ignorance of literary cultures and sciences of each other. Successfully. If you take the algorithms developed by Larry Page and Sergey Brin, which measure the value of links, Edge's website ranks seven on a global scale of ten. The New York Times ranks nine, eBay at eight.

A highlight of the Edge's activities in each January, the answers to the question of the year. In 2010 there were more than 130 short essays on how the Internet is changing the way we think. The question now presented byEdge: What scientific concept woud improve everyone's cognitive tookiit? ...

In the meantime, there’s a rich discussion of aspects of this question on Edge.org, a forum for all manner of minds, curated by the agent and intellectual impressario John Brockman[48]. Once or twice a year since 1998, Edge has tossed provocative questions[25] to variegated batches of scientists, writers, artists and innovators.

Each year, the Scientific Club "The Edge" poses a question. 2011 will be explored that is lacking in people to the knowledge nor

If the theory of the "multiverse" is true, then it is at least one universe in which we do not die. Because the concept assumes that each possible universe has to actually occur - including universes, which have already defeated the doctors in our lifetimes the death. That we die in our universe is indeed annoying, but not the end of the world. This is the response of the psychologist Nicholas Humphrey on this year's "Edge" question: "What scientific concept would improve the cognitive abilities of all people?"...

... In a time when economic studies that scientifically "prove" that certain groups of people are smarter than others (Thilo Sarrazin keeps Muslim immigrants for less intelligent than German, while other studies show that leftists are smarter than right), like Conservatives and multicultural friends feel encouraged by Matt Ridley's statement that the individual intelligence or the intelligence of sub-groups for the welfare of a society are relatively unimportant. The decisive point is the "collective intelligence", says Ridley, which is not simply the sum of the individual intelligence quotient, but a function of networking, of labor and openness of a society.

Adam Smith and Karl Popper already knew this. Too bad that we do not inhabit the parallel universe in which they live.

Being comfortable with uncertainty, knowing the limits of what science can tell us, and understanding the worth of failure are all valuable tools that would improve people's lives, according to some of the world's leading thinkers.

The ideas were submitted as part of an annual exercise by the web magazine Edge, which invites scientists, philosophers and artists to opine on a major question of the moment. This year it was, "What scientific concept would improve everybody's cognitive toolkit?"

The magazine called for "shorthand abstractions" – a way of encapsulating an idea or scientific concept into a short description that could be used as a component of bigger questions. The responses were published online today.

Many responses pointed out that the public often misunderstands the scientific process and the nature of scientific doubt. This can fuel public rows over the significance of disagreements between scientists about controversial issues such as climate change and vaccine safety. ...

This is, in essence, the question that John Brockman, the American literary agent and director of the site edge.org[61], presented in late December to a constellation of world famous scientists. The results were published online this morning.

The question was formulated more precisely as follows: "What Scientific Concept Would Improve Everybody's Cognitive Toolkit?"

Since this question is not as direct and explicit as some of its predecessors (the question last year, for example, was "How the Internet is changing the way we think?") Edge is quick to contextualize it.

The point is that, according to James Flynn, an expert on human intelligence from the University of Otago, New Zealand, there are words and short phrases — such as "market", "natural selection", etc.. — Which constitute "conceptual abbreviations" (shorthand abstractions, or SHA) that actually represent a constellation of such abstract concepts as complex and that "although extremely brief, have immense utility to perceive the world."

The idea is that the SHA, according to Flynn, "penetrated the cognitive repertoire of educated people, expanding their intellectual capabilities to become available in the form of cognitive units that can be used as elements of reasoning and debate." In other words, an economist, when he speaks of "market" or a biomedical specialist when he thinks of a "control group" or a statistician when he speaks of "random sample", knows very well that there's no need to lose time to reprocess these concepts each time you use them.

By Friday evening 115 people, scientists from various fields of knowledge, had already responded to the challenge. Some answers are extensive and very complex. Others do not respond exactly the question. But there are, as always, approaches to suit all tastes and most are interesting enough to make it worth going to have a look.

Any political ideology involves some idea of the state of fiscal spending and tax scheme. And the practical tools of public policy (whether laws, regulations, taxes, or government subsidy programs) are directly influenced by the ideology of officials who create the advisers they hire, and the voters who elected to the first.

....And since we have an ideology formed, it acts as a "filter" that we use to make sense of the reality around us. As explained Gerald Smallberg...(see "Bias is the Nose for the Story" on "This Will Make You Smarter", 2012), humans do not appreciate the objective reality to filter the incredible amount of data they receive... Bias says Smallberg "is an intuition-a sensitivity, receptivity, which acts as a lens or filter our perceptions [...] These biases mediate between our intellect and our emotions to create, from perceptions, opinions, judgments, categories, metaphors, analogies, theories and ideologies through which we frame the way we see the world." This notion...is related to the argument of Daniel Kahneman (a psychologist and Nobel Prize in Economics in 2002, see "Thinking, Fast and Slow", 2011) in the sense that our brain cohabiting two systems, one operating biases..."automatically and quickly, with little or no effort, and without feeling voluntary control" and another that "directs attention to activities that require mental effort, including complex calculations [...] and are associated with the subjective experience of agency, choice and concentration".

This inspired idea was begun by Brockman on the Edge website, as his annual forum for experts to answer one given question using layman's language. It has led to this fabulous book – a mine of accessible science that is food for mind and soul, in three-page essays apiece.

They say a fool and his money are never as much time together in this blog are very concerned about your money going to help make it ready and so the little money they have always be with you.

Editors of Edge.org[21] asked some of the most influential thinkers of the world, including neuroscientists, physicists and mathematicians, what they considered the most important scientific concepts of the modern age. The result is the book This Will Make You Smarter: New Scientific Concepts To Improve Your Thinking...a collection of 200 essays exploring all kinds of concepts. ...